Yandex spins out self-driving car unit from its Uber JV, invests $150M into new company

  • Date: 09/04/2020

Yandex — the publicly traded Russian tech giant that started as a search engine but has expanded into a number of other, related areas (similar to U.S. counterpart Google) — today announced that it is spinning out its self-driving car unit from MLU BV — a ride-hailing and food delivery joint venture it operates in partnership with Uber.

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